Man Gets 11-Year US Federal Sentence for Global BEC Scam


A leader of an international crime network that attempted to launder more than $25 million in fraudulently obtained funds, including through business email compromise, received a sentence of more than a decade in prison.

Valentine Iro, 34, pleaded guilty in October 2020 to one count of conspiracy to engage in money laundering. He was sentenced on Monday to serve 135 months in federal prison and pay nearly $1.4 million in restitution.

Iro, a Nigerian citizen, was living in metro Los Angeles when FBI agents arrested him in 2019 (see: 80 Indicted for Scams, Including Business Email Compromises).